Halal Stocks in Denmark: Navigating the Market for Ethical Investments

Are you on the lookout for ethical investment options in Denmark that adhere to Islamic principles? Halal stocks offer a suitable path for investors seeking to align their financial goals with their religious beliefs.

This article will walk you through the halal investment landscape in Denmark, offering guidance on how to create a Sharia-compliant portfolio while maximizing your financial potential. Whether you’re an experienced investor or just starting out, this guide will help you discover the available halal investment options in Denmark.

List of 20 Halal Stocks in Denmark by Market Cap

Company NameTickerMarket CapShariah-Compliance Status Halal Ranking
Novo Nordisk A/SNOVO B.CODKK 3.80THalal★ ★ ★ ★ ☆
DSV A/SDSV.CODKK 224.57BHalal★ ★ ★ ☆ ☆
Coloplast A/SCOLO B.CODKK 211.19BHalal★ ★ ★ ★ ☆
Vestas Wind Systems A/SVWS.CODKK 196.01BHalal★ ★ ☆ ☆ ☆
Novozymes A/SNZYM B.CODKK 184.64BHalal★ ★ ★ ★ ☆
AP Moeller – Maersk A/SMAERSK B.CODKK 152.28BHalal★ ★ ★ ★ ☆
Demant A/SDEMANT.CODKK 76.87BHalal★ ★ ☆ ☆ ☆
Chr Hansen Holding A/SCHR.CODKK 72.81BHalal★ ★ ★ ★ ★
Rockwool A/SROCK B.CODKK 45.56BHalal★ ★ ★ ★ ★
Copenhagen Airports A/SKBHL.CODKK 42.85BHalal★ ☆ ☆ ☆ ☆
H Lundbeck A/SLUN.CODKK 33.47BHalal★ ★ ★ ☆ ☆
Ambu A/SAMBU B.CODKK 31.23BHalal★ ★ ★ ★ ★
ALK-Abello A/SALK B.CODKK 29.30BHalal★ ★ ★ ★ ★
H Lundbeck A/SHLUN A.CODKK 25.81BHalal★ ☆ ☆ ☆ ☆
FLSmidth & Co A/SFLS.CODKK 17.72BHalal★ ☆ ☆ ☆ ☆
Netcompany Group A/SNETC.CODKK 14.09BHalal★ ★ ★ ★ ☆
Ossur hfOSSR.CODKK 13.23BHalal★ ★ ☆ ☆ ☆
Bavarian Nordic A/SBAVA.CODKK 12.36BHalal★ ★ ★ ☆ ☆
Chemometec A/SCHEMM.CODKK 8.69BHalal★ ★ ★ ☆ ☆
Cbrain A/SCBRAIN.CODKK 6.74BHalal★ ★ ★ ★ ★
Source: Musaffa Platform, 2024

Balancing Religious Beliefs and Financial Choices in Denmark and Norway

Muslims in Denmark and Norway face a dilemma when it comes to taking loans due to the Islamic prohibition on interest (riba). Some feel the need to take an interest-bearing loan to buy a home, while others avoid it based on religious beliefs. These choices lead to different socio-economic outcomes, with some participants opting for mortgages and others rejecting them purely on religious grounds. The decision also affects their sense of inclusion or exclusion in Danish and Norwegian society. Despite this, the demand for Sharia-compliant financial products remains significant, though the availability of such options is still limited.

Source: Nordic Journal of Religion and Society

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